QUESTIONS & CORRECT ANSWERS | COMPLETE EXAM PREP
1. If an employer in Nevada has 10 employees, each earning $35,000 in 2018,
how much would they owe in unemployment insurance taxes based on the
taxable wage base?
$2,000
$3,050
$1,500
$3,500
2. What is the name of the act that mandates minimum wage and overtime pay
for contracts supplying goods to the federal government?
Davis-Bacon
Walsh-Healy
Service Contract Act
McNamara-O'Hara
3. If a contractor enters into a contract without consideration, what is the likely
legal outcome?
The contract will be subject to renegotiation.
The contract will automatically be valid.
The contract may be deemed unenforceable.
The contractor will be required to fulfill the contract.
,4. If a contractor fails to secure a payment bond for a project, what potential
issue could arise regarding subcontractor payments?
The project will be completed ahead of schedule.
The contractor will receive a fine from the state.
Subcontractors may not receive payment for their work.
The contractor can still operate without any financial consequences.
5. With regards to the complaint process, how much time is given to respond to
a complaint?
14 days
7 days
3 days
10 days
6. How does the Fair Labor Standards act define a work week?
sunday through saturday
168 hours during seven consecutive 24-hour periods
monday through sunday
monday through saturday
7. If a contractor's bond was breached on January 1, 2021, by when must a
claimant file their action to remain compliant with Nevada regulations?
January 1, 2023
January 1, 2022
January 1, 2025
, January 1, 2024
8. Describe the implications of a second offense for a license law violation for
residential pool and spa contractors in Nevada.
A second offense may lead to a temporary suspension of the
contractor's license.
A second offense incurs no fines but may require additional training.
A second offense for a license law violation can result in fines
ranging from $2000 to $4000, indicating the seriousness of
compliance with licensing regulations.
A second offense results in a warning without any financial penalties.
9. A contractor completes a project and a notice of completion is filed. If the
contractor fails to file a notice of lien within the required time frame, what
potential consequence might they face?
They can still file a lien without any penalties.
They will automatically receive an extension for filing the lien.
They may lose their right to claim a lien on the property.
They will be required to pay a fine to the state.
10. If a contractor fails to deliver the notice to the owner within the required 31
days after the first delivery of materials, what potential consequence might
they face?
No consequences if the work is satisfactory
Automatic contract termination
Loss of lien rights
Increased licensing fees
, 11. Which of the following acts deals with the minimum wage paid to laborers for
contractors who supply materials to any agency of the United States?
Federal Insurance Contributions
McNamara- O' Hara Service Contract
Walsh- Healey Public Contracts
None of these
Davis- Bacon
12. Describe the process a person must follow if they wish to contest a citation
issued under NRA 624.341.
A person must contest the citation within 15 business days from the
date it is served.
A person must wait for a hearing date to contest the citation.
A person must submit a written appeal within 30 days of receiving the
citation.
A person can contest the citation at any time without a deadline.
13. Describe the significance of the biannual payment into the residential
recovery fund for contractors with a monetary limit.
The payment is optional and does not affect licensing.
The payment is only required for contractors with no monetary limit.
The biannual payment of $200 is a requirement for contractors to
maintain their licensing and contribute to the recovery fund.
The payment amount varies based on the contractor's project size.
14. Which entities are exempt from paying the modified business tax in Nevada?